$ETH 4-Hour Trend Outlook
Looking at the 2-hour K-line, ETH current price 4216.87, up 3.46%, MA5 is close, MA21 has slight pressure, K-line rebounds after falling, long and short positions are in a stalemate. MACD has turned from negative to positive, the histogram is getting longer, bulls are accumulating strength.
However, the market correlation is complex, the weakness of the U.S. stock market drags down the crypto market, Bitcoin's decline transmits pressure, the crypto market is deleveraging and funds are flowing out, and policies have not been implemented.
In the next 4 hours, if bulls make an effort and volume supports it, they may attack MA21 (4215.73), and if broken, we can look for a higher line, although MA60 (4346.37) has strong resistance. If there is resistance or negative news, the price may easily retreat to test MA5 or even lower.
The crypto market has many variables, and the trend is for reference only; investment requires caution!
#MUA resonates with Ethereum, Ethereum is the top brother in the low pool ranking.
